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Picasso Painting That Cost S. I. Newhouse a MoMA Board Position Heads to Christie’s for $55 M.

Christie’s New York will auction 16 masterpieces from the collection of late Condé Nast magnate S. I. Newhouse on May 18, with an estimated total of $450 million. The highlight is Pablo Picasso’s Cubist painting *Homme à la guitare* (1913), estimated at $35–55 million, which Newhouse acquired in 2000 for $10 million after MoMA sold it from its collection. Newhouse, then a MoMA board member, violated museum policy by buying the work and subsequently resigned from the board.

A Smaller Art Brussels Represents a Shift in the Fair Ecosystem Toward a ‘Quality-First’ Approach

Art Brussels, now in its 42nd edition (April 23–26), has downsized from 164 to 138 participating galleries, a 15% reduction that allows the fair to fit entirely within one hall of Brussels Expo. Director Nele Verhaeren openly acknowledged the shift, framing it as a deliberate move toward a 'quality-first' approach that prioritizes visitor experience over sheer scale. The fair introduces a new section called Horizons, curated by Devrim Bayar of the upcoming Kanal-Pompidou museum, featuring seven large-scale works in the freed-up space. Dealers like Xavier Hufkens and Nadja Vilenne support the strategy, noting that galleries must now carefully choose which fairs to attend amid rising costs and geopolitical tensions.

British billionaire's £200m art collection most expensive ever offered in UK

British billionaire Joe Lewis will sell a tranche of his art collection in a standalone sale at Sotheby’s in London this June, estimated at £150m–£200m. This makes it the most valuable single-owner collection ever offered in the UK, surpassing the Pauline Karpidas collection which totalled £101m. Highlights include Gustav Klimt’s *Bildnis Gertrud Loew* (est £20m–£30m), Amedeo Modigliani’s *Homme à la pipe* (est £12m–£18m), and Francis Bacon’s *Two Studies for Self-Portrait* (est £8m–£12m). The sale follows a smaller March auction of four works from the Lewis collection that focused on School of London artists.

The Box Shutters in Los Angeles After Nearly Two Decades

The Box, a pioneering Los Angeles gallery known for its nonprofit-style support of experimental and performance art, has announced its closure after nearly two decades. Founded in 2007 by Mara McCarthy, the gallery’s final exhibition featured late California painter Wally Hedrick, and a closing event will include a fashion show by Johanna Went. Mara McCarthy cited the shifting market for her father Paul McCarthy’s work and the loss of family homes in the Eaton Fire as factors behind the decision.

$60 M. Lichtenstein Comes to the Block at Christie’s, Potentially Joining His Priciest Works at Auction

Christie’s will offer Roy Lichtenstein’s 1964 painting *Anxious Girl* from the collection of legendary New York collector-dealer Holly Solomon and her husband Horace, with an estimate of $40–60 million. If it reaches its high estimate, it will become the artist’s second-priciest work at auction, trailing only *Nurse* (1964), which sold for $95.4 million in 2015. The work leads Christie’s 20th-century evening sale on May 18, amid a flurry of high-value consignments as both Christie’s and Sotheby’s aim to sustain momentum after posting improved 2025 results.

Botticelli under UK export ban purchased by Klesch Collection

A Botticelli painting, *The Virgin and Child Enthroned* (1470s), valued at £10.2 million, has been purchased by the Klesch Collection, a British private collection, after the UK government placed an export bar on the work in May 2025. The painting, which sold at Sotheby’s London in late 2024 for £9.7 million, will be loaned to the Ashmolean Museum in Oxford for three years, ensuring it remains in the UK.

Art Fair Report: Stress Test

Art Basel Hong Kong 2026 drew 91,500 visitors and featured 240 galleries at the Convention and Exhibition Centre, alongside over 100 galleries at Art Central, three new boutique fairs, four new art spaces, multiple auction previews, and dozens of institutional shows and gallery openings. Despite a challenging 2025 that saw mega-galleries Pace and Perrotin close their Hong Kong spaces and auction results hit an eight-year low, blue-chip galleries reported strong sales, including David Zwirner’s USD 3.8 million sale of Liu Ye’s "Snow White" (2006) and Hauser & Wirth’s USD 2.95 million sale of a Louise Bourgeois work. The prevailing sentiment among collectors and gallerists was cautious optimism, with the phrase "Are you surviving?" overheard frequently.

Under new ownership, Art Monte Carlo voices 'global ambitions'

The 10th edition of Art Monte Carlo took place from April 29 to May 1 in the Grimaldi Forum, featuring 26 exhibitors ranging from Old Master paintings to contemporary works by Picasso, Warhol, and Richter. The fair was acquired last year by Informa Prestige, a luxury offshoot of Informa, which also owns Miami's Untitled fair. Executive chair John Paton aims to grow the fair, nearly double its size within two years, and expand to another location, leveraging complementary audiences from yachting and supercars.

Zurich’s Galerie Philipp Zollinger Closes After 7 years

Galerie Philipp Zollinger in Zurich is closing after seven years, as announced by founder Philipp Zollinger on Instagram. Citing continued global instability and a lack of conditions necessary to sustain the gallery, Zollinger explained that despite his willingness to invest further, the market no longer supports growth. The gallery focused on Swiss and Scandinavian artists working in three-dimensional media, along with artists from Southeast Asia and the United States. Its final exhibition, a dual presentation of Renée Levi and Theo Eble, closed on April 18 at Galerie Mueller in Basel. The closure follows a previous move from a nomadic operation to a physical space on Rämistrasse, which shut in fall 2025 due to an unstable art market and shifting collecting trends.

Botticelli Painting Banned from Export Will Stay in the UK

A Botticelli painting, *The Virgin and Child Enthroned* (1470s), previously placed under an export ban to keep it in the UK, has been acquired by the Klesch Collection. The work, valued at £10.2 million, will remain in England through a three-year loan to the Ashmolean Museum at the University of Oxford. The painting was bought in 1904 by Harriet Sarah Jones Loyd (Lady Wantage) from Italian dealer Elia Volpi, who had acquired it from the Magherini Graziani family.

Blue-Chip Names Anchor Showplace’s Art and Design Auction

New York's Showplace is hosting its Important Fine Art and Design Auction on May 14, 2026, featuring 145 lots that span Old Masters to contemporary works. Key highlights include Yayoi Kusama's *Infinity Nets* (1995, est. $100,000–$200,000), Otis Kwame Kye Quaicoe's *Yellow Fanny Pack* (2021, est. $12,000–$18,000), Alexander Calder's *Paradis* (1976, est. $60,000–$80,000), Henri Martin's *L'Eglise de Labastide-du-Vert* (est. $60,000–$80,000), and Milton Avery's *Untitled (Winter Landscape Scene)* (est. $20,000–$40,000). The auction brings together blue-chip names like Warhol, Kusama, and Calder alongside emerging artists.

London Dealer Stephen Friedman Owes $10.6 M. to Dozens of Creditors, Including Artists Deborah Roberts and Kehinde Wiley

London-based gallery Stephen Friedman has accumulated debts of approximately $10.6 million, according to official documents filed with Companies House. Creditors include Coutts & Co. bank (£3.2 million), Pentland Group Ltd. (£1.4 million), the UK tax authority, the Pollen Estate, art logistics company Crozier, and several prominent artists—Alexander Diop (£341,905), Deborah Roberts (£289,232), and Kehinde Wiley (£163,849). The gallery closed its New York space in November 2024 after just two years, then abruptly shut its London location and entered insolvency proceedings in February 2025, shortly after pulling out of Art Basel Qatar. A restructuring proposal by FRP Advisory was approved on 22 April.

6 Black-owned Galleries Placing Artists in Major Museum Collections

Six Black-owned galleries—Mariane Ibrahim Gallery, Gallery Guichard, Galerie Myrtis, Richard Beavers Gallery, and Jenkins Johnson Gallery—are profiled for their success in placing artists into major museum collections. Each gallery has built institutional relationships that lead to acquisitions by museums such as the Baltimore Museum of Art, the Metropolitan Museum of Art, the Museum of Fine Arts, Boston, and the Bronx Museum, often retaining artists through the placement stage to capture long-term market value.

Hunt Slonem | Me (2022) | For Sale

Hunt Slonem's painting "Me" (2022), a small oil-on-wood work from his signature Bunnies series, is listed for sale at $8,000 through OA Fine Art in Paris and Hong Kong. The piece measures 10 × 8 inches, is hand-signed and dated by the artist, and comes with a certificate of authenticity. Slonem, born in 1951, is known for Neo-Expressionist paintings featuring repeated birds, bunnies, and butterflies, influenced by Andy Warhol's Pop art seriality.

Wildenstein dispute over Monet work highlights art market opacity

A long-running dispute involving the Wildenstein art dynasty has resurfaced over a 2004 transaction for Claude Monet's *Adolphe Monet Reading in a Garden* (1867). The painting was acquired by Guy Wildenstein through a €4.5m deal that included works by Pierre Bonnard and Alfred Sisley, among them Monet's *Marine, Amsterdam* (1874). That work was later resold via Christie's, but a 2020 sale attempt revealed that the original canvas had been lost during a transfer process, significantly reducing its value. Court-appointed specialists concluded in 2024 that the alteration predated the transaction and that the gallery likely knew of the damage. The sellers have filed a claim alleging "vitiated consent" under French law, with a court date set for 7 May in Rouen. The disputed Monet now reportedly belongs to billionaire Larry Ellison.

Harper’s Bangkok Gallery Opens its Doors, Bringing Western Artists to Thailand

Harper's Bangkok, a new outpost of the New York-based gallery group founded by Harper Levine, opened in late March 2026 on the ground floor of the Siam Pathumwan House building. Its debut exhibition, 'Lost and Found', is a solo show by American artist Joel Mesler featuring 18 new vibrantly colored works, marking his first presentation in Southeast Asia. The gallery is the first major Western commercial gallery to establish a permanent space in Bangkok, joining a rapidly maturing local art ecosystem.

TikTok Shop adds ‘fine art’ category—will it disrupt the art market?

TikTok Shop has launched a new "fine art" category within its collectibles section, allowing artists to sell original artworks directly through shoppable videos, photographs, and livestreams. The category debuted with a three-hour live sale by artist Sophie Tea, who created a series of 20 oil paintings titled *Bric-a-Brac* and sold them for £2,800 each. The sale faced technical glitches—items added to baskets were prematurely marked as sold, causing confusion—and required workarounds for TikTok's pricing caps, automatic discounts, and shipping policies.

Rare Roy Lichtenstein Work Could Net $60 Million at Auction

A long-lost Roy Lichtenstein painting from his iconic 'Girl' series, *Anxious Girl* (1964), has resurfaced after more than 30 years in a private collection and will be offered at Christie’s 20th Century Evening Sale in New York on May 18. The work, one of only 10 comic-inspired female portraits Lichtenstein produced during his breakthrough period between 1963 and 1965, carries an estimate of $40–60 million. The consignor acquired it from legendary Pop art patrons Horace and Holly Solomon over three decades ago.

New contemporary art auction to debut in Dubai this May

A new auction platform called Bam Auctions will launch in Dubai this May, with its inaugural sale held on Saturday at Bayt AlMamzar, an independent cultural space in a restored villa. The sale features 21 lots of contemporary art from the UAE and the wider region, including works by Jaber Al Azmeh, Manal Al Dowayan, and Hale Tenger, with estimates ranging from a few hundred to several thousand dollars. Bidding will be in person with remote options via phone, WhatsApp, and absentee bids.

Southern Guild’s New York moment signals a shift for African art

Southern Guild, a Cape Town-based gallery, opened a permanent location in New York's Tribeca district on Friday, marking a major expansion for the gallery and a milestone for contemporary African art's international visibility. The inaugural exhibitions feature South African painter Mmangaliso Nzuza's "Ballad of the Peacock" and conceptual artist Usha Seejarim's "Used," both on view until May 17. Co-founder Trevyn McGowan described the 371m² space in a historic cast-iron building as both instinctive and strategic, following the closure of the gallery's Los Angeles outpost, which served as a testing ground for American audiences.